Capital Factory CEO Joshua Baer killed in plane crash near Laredo, TX
5 hours ago
- #Startup Ecosystem
- #Aviation Accident
- #Tragedy
- Joshua Baer, CEO and co-founder of Capital Factory, died in a plane crash near Laredo, Texas.
- The small business jet crashed on a highway after reporting mechanical problems and trying to divert to Laredo International Airport.
- Five other people on board survived and were hospitalized; the plane also struck a moving vehicle.
- The aircraft was a NetJets-operated Cessna Citation Latitude flying from Mexico to Austin before diverting.
- Capital Factory described Baer as a key figure in Texas' tech and startup ecosystem, and the organization remains operational.
- Authorities reported the plane lost contact and crashed about 2.5 miles from the runway at around 600 feet altitude.
- Federal agencies like the NTSB and FAA are investigating the crash, which involved a suspected mechanical failure.